ERAA – An extended loan facility of IDR673.5 bn

ERAA – An extended loan facility of IDR673.5 bn Erajaya Swasembada (ERAA) has obtained around IDR673.5 bn in an extended loan facility from Bank CTBC Indonesia. From the extended loan facility, ERAA plans to use around IDR473 bn for its working capital and another IDR200 bn for Erafone's. Furthermore, ERAA will continue to focus on its physical store and omni-channel retail network' expansions, while at the same time, ERAA will also continue to explore new business opportunities. Note that, ERAA posted sales of IDR42.81 tn (+22.53% yoy) in 9M23. (Source: Investor Daily)